NEWS | IHG® To Expand Its Footprint in Central America with New Holiday Inn Express® Hotels

InterContinental Hotels Group (IHG) [LON: IHG, NYSE: IHG (ADRs)], one of the world's largest hotel companies, today announces the signing of two newHoliday Inn Express®hotelsin Managua, Nicaragua and Tegucigalpa, Honduras. Both properties are slated to open in 2014. Managed by Latin American Hospitality Management S.A., a subsidiary of Grupo AGRISAL, the hotels will be franchised by an affiliate of IHG.

"Managua and Tegucigalpa are excellent examples of emerging cities that support the growth of the Holiday Inn®brand family in the region," said Joel Eisemann, chief development officer, IHG, the Americas. "Both cities are generating great demand for internationally branded hotels, and we are excited to expand the Holiday Inn Express brand in these markets."

Together, the two Holiday Inn Express hotels will add 220 rooms to IHG's existing Holiday Inn brand family in the Latin America and the Caribbean region, which currently includes 18 Holiday Inn Express hotels and 24 Holiday Inn hotels. Current IHG-brandedhotels represented in Nicaraguainclude the Real InterContinental®Hotel Metrocentro Managua, Crowne Plaza®Hotel Managua and Holiday Inn Hotel Managua.

In Honduras, theIHG branded hotels portfolioincludes the Real InterContinental Hotel Tegucigalpa, the Real InterContinental Hotel San Pedro Sula, the Crowne Plaza Hotel San Pedro Sula and the Holiday Inn Express Hotel San Pedro Sula. 

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